HUYA (NYSE:HUYA) Reaches New 52-Week Low – Time to Sell?

HUYA Inc. (NYSE:HUYA)’s stock price reached a new 52-week low on Friday . The company traded as low as $2.89 and last traded at $2.93, with a volume of 186971 shares trading hands. The stock had previously closed at $3.02.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Hsbc Global Res cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Citigroup cut their price target on shares of HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Bank of America downgraded shares of HUYA from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $5.80 to $4.00 in a research note on Wednesday, November 6th. Finally, HSBC reissued a “hold” rating and issued a $4.70 target price on shares of HUYA in a research note on Friday, October 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.68.

HUYA Trading Down 1.7 %

The stock has a market cap of $692.25 million, a P/E ratio of -33.00 and a beta of 0.62. The business’s 50 day moving average price is $3.98 and its two-hundred day moving average price is $4.31.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.30. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. As a group, analysts expect that HUYA Inc. will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On HUYA

A number of institutional investors and hedge funds have recently made changes to their positions in HUYA. Maple Rock Capital Partners Inc. lifted its stake in shares of HUYA by 125.2% in the first quarter. Maple Rock Capital Partners Inc. now owns 5,145,125 shares of the company’s stock worth $23,410,000 after buying an additional 2,860,000 shares in the last quarter. BRIGHT VALLEY CAPITAL Ltd lifted its stake in shares of HUYA by 1.9% in the 1st quarter. BRIGHT VALLEY CAPITAL Ltd now owns 4,505,355 shares of the company’s stock worth $20,499,000 after purchasing an additional 82,214 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of HUYA by 526.0% in the second quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock worth $13,011,000 after buying an additional 2,770,594 shares during the last quarter. FMR LLC increased its holdings in HUYA by 236.8% during the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock valued at $12,199,000 after buying an additional 1,681,800 shares during the last quarter. Finally, Millennium Management LLC bought a new position in HUYA in the second quarter worth approximately $5,197,000. Institutional investors own 23.20% of the company’s stock.

HUYA Company Profile

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.